REG - Polar Capital Hldgs - Director/PDMR Shareholding

Polar Capital HoldingsAnnouncement

18/07/2018 16:25

RNS Number : 0779V
Polar Capital Holdings PLC
18 July 2018
 


 
18 July 2018
 
Polar Capital Holdings plc ("Polar Capital" or the "Company")
 
Notification of Transactions by Persons Discharging Managerial Responsibilities (PDMRs)/Persons Closely Associated (PCAs)
Mr Rochussen, on his appointment as chief executive on 17 July 2017, joined the Company's Executive Incentive Plan and was awarded a deferred, forfeitable interest in 802,967 ordinary shares of the Company (the "Award").
The terms of the Award provide for the release of one-third of the shares on the first, second and third anniversary of its granting.
On the 18th July, being the first anniversary of the grant of the Award, 267,656 ordinary shares in the Company were transferred from the Polar Capital Employee Benefit Trust to Mr Rochussen at nil cost. Of these, 145,000 ordinary shares of the Company were sold in order to raise funds to meet the tax liability linked to this first release of ordinary shares under the Award, with the balance of 122,656 ordinary shares being transferred to Mr Rochussen. 
 



1
 


Details of the person discharging managerial responsibilities / person closely associated
 




a)
 


Name
 


Gavin Rochussen




2
 


Reason for the notification
 




a)
 


Position/status
 


Executive Director




b)
 


Initial notification /Amendment
 


Initial Notification




3
 


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 




a)
 


Name
 


Polar Capital Holdings plc




b)
 


LEI
 


549300OXX7YE1947B825




4
 


Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
 




a)
 


Description of the financial instrument, type of instrument


Ordinary Shares of 2.5p each














Identification code


GB00B1GCLT25














b)
 


Nature of the transaction
 
 


Acquisition of an interest in the shares of the Company on vesting of one third of initial share award




c)
 


Price(s) and volume(s)




























Price(s)


Volume(s)
















Nil


267,656
























 
 




d)
 


Aggregated information


Single transaction as in 4 c) above














- Aggregated volume


267,656














- Price


Nil
 














e)
 


Date of the transaction
 


18-07-2018




f)
 


Place of the transaction
 


Outside a trading venue



 
 



1
 


Details of the person discharging managerial responsibilities / person closely associated
 




a)
 


Name
 


Gavin Rochussen




2
 


Reason for the notification
 




a)
 


Position/status
 


Executive Director




b)
 


Initial notification /Amendment
 


Initial Notification




3
 


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
 




a)
 


Name
 


Polar Capital Holdings plc




b)
 


LEI
 


549300OXX7YE1947B825




4
 


Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
 




a)
 


Description of the financial instrument, type of instrument


Ordinary Shares of 2.5p each














Identification code


GB00B1GCLT25














b)
 


Nature of the transaction
 
 


Sale of  shares of the Company on vesting of one third of initial share award




c)
 


Price(s) and volume(s)




























Price(s)


Volume(s)
















681.00 pence


145,000
























 
 




d)
 


Aggregated information


Single transaction as in 4 c) above














- Aggregated volume


145,000














- Price


681.00 pence
 














e)
 


Date of the transaction
 


18-07-2018




f)
 


Place of the transaction
 


London Stock Exchange, AIM, XLON



 
 
 
 
Enquiries:
 
Polar Capital
John Mansell / Neil Taylor
+44 (0)207 227 2700
 
Canaccord Genuity (Nomad and Joint Broker)
Simon Bridges (QE) / Andrew Buchanan / Margarita Mitropoulou
+44 (0)207 523 8000




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